Hochschild's Peru mines to restart

RNS Number : 1266N

Hochschild Mining PLC

18 May 2020

 

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18 May 2020

Hochschild's Peru mines to restart

Hochschild Mining PLC ("Hochschild" or "the Company") is today announcing that it has met all the requirements established by the Peruvian government to restart operations at the Inmaculada and Pallancata mines. Following the fulfilment of strict government health protocols, the Company plans to begin ramping-up progressively to achieve full production in the coming weeks. 

As previously announced, the San Jose mine in southern Argentina also recently restarted operations and is following a phased ramp-up process. Hochschild expects to reissue its full-year guidance once full production is achieved and the overall impact of the suspensions is clear. In line with current government guidelines, the Company's brownfield exploration programme is expected to recommence in July.

Ignacio Bustamante, CEO commented,

"I am pleased that we are now in a position to restart our Peruvian operations and we intend to execute a disciplined remobilisation of our workforce in line with the prescribed health protocols and guidelines from the government. In these unprecedented times, we continue to prioritise the health and well-being of our employees and of the communities in which we operate."

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Enquiries:

Hochschild Mining PLC

Charles Gordon      [phone]

Head of Investor Relations

Hudson Sandler

Charlie Jack     [phone]

Public Relations

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About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

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LEI: 549300JK10TVQ3CCJQ89

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